unusually warm winter they will emerge. >> connell. u.s. connell: we'll talk about the weather no problem. happy new year. temperatures taking ahold of across the nation and slowing down business and travel. we'll get to that on the show. congress is back to work. unemployment benefits ahead of jobs report this week. single greatest threat to our national security. overwhelming number of say it is cybersecurity. mike baker coming up on that. if you're down and out at the office this morning you're not the only one. why today is said to be the most depressing day of the year. great. we look forward too that conversation here in this hour of "markets now." connell: great tease for the show. keep it here we'll tell you why today is brutal. dagen: can i get a hug? i haven't seep you in two weeks.

connell: we're back together. this is really, really exciting. >> you barely spoke to me all morning. wouldn't make eye contact with me. connell: making it up for now. not forcing eye contact. look at camera. dagen: sane happiness. connell: very much. dagen: good morning, everybody. this is no laughing matter because for most of the country it is brutally cold outside and temperatures are dangerously low. connell: yes. you take a look at this, many in the science community blaming the cold on the polar vortex on this nasa image. split two storm-like images. one going into the continental united states. this is your polar vortex. dagen: that is creating temperatures many of us battling with it. jeff flock with the business impact of this weather from chicago. look at memphis. look at current winddhill temperatures in places. folks don't have clothes in their closets to deal with temperatures that low.

connell: today, it was ridiculous this morning it will be 50s and tonight, 8 degrees the same day. dagen: everybody will probably get sick. markets are a little under the weather. stocks giving back this morning a gains. nicole at new york stock exchange. >> good morning, dagen and connell. good morning, everybody. i'm glad i'm not jeff fllck but freezing in chicago may not be one of the best. we are watching a market started in positive territory, moved into negative territory. the dow is pulling back, down 24 points, 16,446. goldman sachs, jpmorgan, hit new highs again. johnson & johnson, boeing among other winners on the dow. we're seeing pressure on microsoft and dupont. how about we take a look at pandora, a name making news. it has been a great performer over the last year. we have seen listeners continue to grow. they continue to gain even more market share, coupled with upgrades. so the stock right now is a

winner. it is up almost 10% at the moment. there are a lot of story stocks today. everything from men's warehouse to twitter, ebay. the list is long this morning. so a lot of getting back, while the markets don't look like they're too active there arr a lot of business stories to follow today. back to you. dagen: thank you, nicole. connell: the other thing congress getting back to work in d.c. but democrats promising a full-court press on unemployment benefits. the gop is not biting. dagen: peter barnes has it from washington. >> the senate will start voting tonight extending unemployment benefits for 1.3 million people who lost them at the end of last month when they expired. millions more could lose benefits later this year. three month extension would be 6 approximately dollars. extending them for a whole year would cost 25 billion. many republicans in the senate and house, it should not be paid for by add together deficit.

they don't want it deficit financed. they want spending cuts elsewhere in the budget to pay for it. senate democrats need five republicans to support any extension to get 60 votes to overcome a filibuster threat. >> what i have always said is that it needs to be paid for but we also need to do something for long-term unemployed people. we need toocreate something new that would create jobs. >> we have never offset emergency spending. this foolishness. we have people desperate. they have been out of work for, some as much as two years. we have reduced the debt by $3 trillion. let's start helping the middle class. >> president obama is pushing hard for an extension and plans to pressure republicans to support one at an event at white house tomorrow the administration says failing to renew benefits could be a drag on the economy. dagen and connell. dagen: thank you so much. peter barnes in washington. they're arguing that this is stimulative to the economy.

our first guest says the gop will most likely give in on this debate to gain in november. joining us from denver is john tam any, forum opinions editor. john, good to see you. the sticking point for republicans seems to be we want to pay for this but you still think even if they can't come up with a way to pay for it the democrats they will give in on this? >> yeah, my guess is they will. republicans think it is good politics to give in on unemployment benefits because they like ongoing focus to be on president obama's failed signature legislation and obamacare. i think this is a mistake. i think republicans base3 understands that unemployment benefits actually drive up unemployment and they are antieconomic growth. but my guess is the republicans will give in. dagen: in terms of, we talk about this was, this unemployment, these unemployment benefits were meant as emergency measure early on during the financial crisis, but isn't a

bigger concern the number of americans now on disability? because they could very well be on disability for the foreseeable future? you look at number, it was a record at end of the year and amount of money people are getting also at a record? >> yeah, it's another thing that takes back from economic growth. it has to be stressed that probably an emergency situations, that is when you least want to extend unemployment benefits because it raises the cost of businesses to hire people into the workforce. it gives people an incentive to stay sidelined. so it actually slows the economy when the economy needs the stimulus of people getting back to work. so whether it is disability or unemployment benefits, both work against economic growth and both work against job creation that both political parties claim to want. dagen: we heard in peter's report senator rand paul saying we need to figure out away to get these people back to work. what are those solutions? because you can say it but doing

it is a great deal more difficult than that? >> first thing, think of a grocery store. when a grocery store has trouble selling items, what it does sell prices to the point where consumers come in and start buying them. labor is nothing more than a cost like groceries is. the problem unemployment benefits make it easier individuals to not offer up labor at market clearing price. if you got rid of unemployment benefits there would be greater incentive among individuals to get pack to w what is being offered them. after that it is always important to tax cuts would help, stronger more stable dollar but i think the main thing right now is to shrink the unemployment benefits. dagen: john it, was great to see you. i have a feeling somebody was talking in your ear and they shouldn't have been but i'm not sure. john, great to see you. thank you so much. john tammany, forbes opinions editor.

connell: the way it works in our little business. dagen: i recognize -- i think somebody was talking to him when they wouldn't have been. connell: get your hand out of my shot, please? sluggish a word we commonly hear to recognize the recovery. there is new thing that harvard economists are saying this is strong come back. they say this one is better than other crisis. that's a key point. our next guest says the plow horse is trotting when he talks about the economy. brian wesbury, first trust advisors. this seems like a very good topic for you. i should point out right at the top, i don't know if there are random harvard economists. not just any ol' harvard economists came out with the story. carmen reinhardt and ken rogoff, this time was different is the book controversial in its own right especially people in your world. this time they say this recovery, when compared to other @rises, and that is the key point is not all that bad.

brian, take it from there. >> yeah, connell, i want to go back to the very beginning. reinhardt and rogoff, they wrote this book and said we always recover slow from financial crises. connell: right. >> that is because the system is broken. the financial system has to be fixed and then they encourage government to spend lots and federal reserve to print lots of money. i disagree with this 1,000 percent. the financial crisis in early 1980s, we had the savings and loan crisis, banks were failing because of bad agriculture loans, oil loans and we also had the latin american debt crisis. in the united states we raised interest rates and we cut spending and the economy boomed in the 1980s. connell: right. >> so this idea that we don't recover rapidly from financial crises is crazy. connell: the original premise, the original premise, in your view. connell: this is one of these

things we could have a hour-long davos-like panel discussion. >> exactly. connell: your original or their original premise in your view is wrong. you think the economy is doing pretty well, not for the same reasons but not for the same logic that reinhardt and rogoff would say. is that fair? >> it is not unfair, no. but what i would argue, we would have had a lot stronger of a recovery. we call this recovery as you said the plow horse. connell: right. >> we would have had a race horse recovery if the government had not tried all of this stimulus. john tammany is absolutely right. by lengthening unemployment benefits, by raising minimum wage, doing all those things we'll have higher unemployment and slower growth in jobs. and that's the point. if you look over the last four or five years the two areas of the economy that have suffered the worst are housing and employment. and those are the two areas that the government tried to help the most. the government help always

backfires. spending actually hurts economic activity. and so what i'm arguing is, is that we've been growing in spite of all of this stuff. connell: it is interesting because the stock market as we're showing now has obviously done well. those straits straight -- charts straight up. well off the lows. these two argue, if you look t the crisis, which they identify as the subprime crisis starting in 07. you come out of that, you haven't seen a double-dip recession. they say, all right, well the government came in, spent a lot of money and prevented these things from happening. is there anything to the fact that if the government wasn't there at least at beginning or outset at in '08 when the market crashed and saved the banks that things could have been a lot worse? sound like you're saying no, that's not true at all? >> no, i absolutely don't believe it. i believe the government caused the crisis, tten by overreacting they hurt our recovery from the crisis.

remember reinhardt and rogoff are keynesian. every time they look at economy they think the government needs to do something to help it. connell: right. >> i thinkkthat is absolutely a bad economic theory. all it does it leads to more government. government has grown for 50 years straight and, if it was really true that government spending could boost economic activity, there shouldn't be a poor person anywhere in the world because governments all over the world, all they have done is grown over the last 50 years. connell: right. >> and so my whole, my point here is that that we would have recovered anyway. and what they ignore, is new technology. i mean think about this. blockbuster at its peak, blockbuster had 60,000 employees. netflix, which basically destroyed blockbuster, only has 2,000 employees. so what we have got going on here is a massive gain in technology. that's what is lifting margins

for companies. that is what is lifting profits. it is not quantitative easing. it is not government stimulus. that's where i totally disagree with reinhardt and rogoff. connell: you spring for the plane tickets, two of us will head to davos and run them down. i'm sure they will be there. >> that is where they even spin more keynesian logic over there, thank you, sir. brian west burry, always good. >> always good. it is bluest day of the year for many of us and there is research to tell us why. connell: i love that. we'll tell you why today is a nightmare. investing into the legal pot wave which may turn things around. there is a hedge fund for that. dagen: more on the horribly cold temperatures around the country, have many thankfully staying inside today. we'll see what the oil market is doing. this is not heating oil. this is regular ol' light sweet crude, barely still under $94 a barrel. welcome back. how is everything?

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dagen: going goldman sachs weighing in on morgan stanley

and two stocks. starting with solarcity. nicole? >> when they come out and talk postively, analysts talk postively about certain stocks they get a pop and we're certainly seeing that with solarcity. morgan stanley talked about twitter. we'll talk first about solarcity. that was a goldman sachs call and the stock is up 7.8%. what is interesting they were not hot on first solar. first solar is down. they like, twitter, by the way morgan stanley cut it. there is concerns about ad space overall and that it is fully valued. they have a $33 twitter and sitting at 66 bucks. they think there are better choices in the space inexcluding facebook. back to you. connell: thanks. >> go to cahchi's to get coffee. >> i got to get out of here. i think i'm going to lose it. >> sounds like somebody has a case of the mondays. connell: looks like everybody has a case of the mondays today. there is research saying that the first monday back from work in the new year, which is this

year, january 1st, is the most depressing day of the year. some reasons include returning to work after vacation. worries paying off the holiday credit card bills, gloomy weather, broken new year's resolutions, all that stuff. look at this guy. you're in good company. with all the miserable people in cubicles typing a lot. very angry. dagen: somebody stole my stapler. connell: that woman is very upset. dagen: i love that movie. people in colorado can certainly cure those blues. you may be a week old but people at "high times" giving the legal marijuana market a boost. the magazine is announcing the creation of a private equity fund that will invest in pot-relate related businesses. it will be called the ht growth fund aims to raise $200 million. connell: how cool is the pod video. dagen: what is cooler when the video of adam shapiro out in denver last week. connell: i missed that.

dagen: like medicine man pot shope, one of the growing rooms. adam and a bum much of marijuana plants. connell: some twice get all the luck, i guess. this polar vortex today, love saying that, put a freeze on business throughout the u.s. of course jeff flock will bring us the latest from a brutally cold chicago. leave it to jeff. he is coming up. dagen: the single greatest threat to national security. it is not terrorism. connell: keyboards. dagen: that's right. cyber attacks. that's right. we'll talk to mike baker about that coming up. and how are world currencies holding up against the dollar today? [ male announcer ] near 7 milon clients.

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>> at 23 minutes past the hour i'm lauren green with your fox news minute. republican liz cheney dropping out of the u.s. senate race in wyoming. the daughter of former vice president dick cheney citing family and health reasons for ending her challenge to incumbent senator mike enzi. new concerns over al qaeda's mounting presence in iraq as the terrorist group overruns fallujah and ramadi.

secretary of state john kerry vowing to help the iraqi government but rejected the possibility of send troops back to the embattled nation. iraq's prime minister is urging residents of fallujah to expel al qaeda. dennis rodman's relationship with north korean dictator kim jong-un just got weirder. former nba star making good on his promise to bring a team of foreign basketball pros to the impoverished nation for a basketball game marking the tyrant's birthday. among players challenging north rianne national team, former nba stars, vin baker, kenny anderson and cliff robinson. those are the headlines. back to dagen and connell. connell: oh, man. dagen: we're shaking our heads going okay. connell: charles payne was asked to be part of that team but not available. he had to come back to talk to us about level 3 communications. >> wanted to know how the hook shot was looking. dagen: waiting for the call to take shanahan's job.

connell: be the next redskins coach. >> i will grab it in a heartbeat. that dennis rodman thing is the gift that keeps giving. level 3, you guys remember level 23, right? it went public in 1998. they raised $14 billion. best funded startup in history where they barely made it. then again how many internet telecom names did survive that meltdown? now they're coming on strong. the last quarter. , they finally beat the street after a string of earnings misses. they're making it into enterprises. long-awaited upgrade for enterprises to buildout and spend money envoys data. the cloud, the company is finally taking advantage of it. you see it's pretty good. if you go back, i don't know 2001 this stock was something, 10 times, more than where it is righh now. i still think there is upside. it will hit a double top and break out from there and keep going higher. connell: all right.

dagen: their competitors do you like them as much? >> not as much. there is a lot of consolidation in this industry. i think they were able to take over and merge with companies, if people didn't think the industry wasn't dead they wouldn't have allowed it. some bigger names cobbled together. this is what they have remaining of it. last quarter, gross margins up, enterprise is up and quart over quarter year-over-year. connell: thank you, charles. get the zone read working better. >> we need people to help rg rolling out without getting hit. connell: you can do it. dagen: charles could help that physically on the field. >> probably could. dagen: we'll take you to the midwest next and right to the heart of where this cold-snap is keeping people at home today. connell: then mersfully the nfl, speaking of the football, avoided local television blackouts which could have been a big story. this weekend's games delivered some of top ratings ever for the

leagues. dagen: great games. connell: wait until you see the ratings numbers. you won't be surprised. huge. look at s&p winners as we stay on top of the markets and we'll be back on "markets now."

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upswing in the united states. pushing to lift the export ban on oil, but it will not get down without a fight. connell: that is all coming up. we will make jeff flock stand out in the cold for another minute or two. we go back to nicole at the new york stock exchange on the warm up floor. buyout reports are behind ttat. >> reporter: that's right. you will be watching the next move. it looks -- let's take a look at the stock. siriusxm up over six nap%. liberty media, down almost 2%. celebrity -- liberty media said it would offer to buy out minority shareholders in siriusxm. more clouds. now, the serious buyout still needs shareholder approval. this could be a $10 billion deal. we are watching for that. we will watch as it on roles and unravels, but in the meantime,

siriusxm is jumping on the news over six and a half%, as i told you. connell: thank you. dagen: the coldest air in almost 20 years is sweeping over the central u.s. toward the east coast. connell: coming our way with hundreds of businesses and schools already forced to close to what other consequences are in store? jeff flock is in store in the freezing city of chicago. >> reporter: i am no cold weather rookie, but this may be the worst ever seen. they're seeing an extraordinary picture. we just came into the wind on the chicago river. that is what they call arctic sea smoke that is well over the chicago river as you see the temperature gradient over the now as yet unfrozen -- unfrozen portion of the river which is-15, the rest of the river, all the way up this way is frozen. a foot of snow yesterday. you can see, all of that is

flash frozen. the snow is not going anywhere. our all-time record today already said,-16. back out of the wind. few face into the wind up with that kind of windchill you will get frostbite wittin five to ten minutes. you can see, a lot of people i bundled up against it. if you go out, it is very dangerous. all the schools, public schools closed. not only here, all across the state of minnesota. look at how the snow is piled up, and this is not going anywhere. you know, it does not melt when you have-16 temperatures. age really cold. and the you with a picture of the wind. this is what kills you, the wind chill. right now the wind chill is-30 in this city as we stand right here. you can see the wind blowing, blowing,-16,-30 windchill. it is not a pretty day chicago. dagen: thank you for that.

that makes my face hurt just looking at it. connell: windchill 45 below in minneapolis. look at chicago. this new poll out this suggestion that cyber security is seen as an -- the biggest national security threat. the numbers, 45 percent have responded to the fence news poll naming a cyber attack as the single greatest threat following reports of the malware outbreak in europe over the weekend. mike baker is here. dagen: do you believe that? >> i believe it is : chicago, yes. dagen: the biggest threat to the nation. >> yes, i do believe it. terrorism is at the top of your -ind. it is a motive. it has that impact. cyber terrorism, the threat that we face from both state-sponsored attackers and also sort of the individuals and

the hackers, long-term that is where our real threats are because that impacts us and a massive way. it is not really an economic, intelligence loss. our economic intelligence speaks directly to our national security and impacts our infrastructure which stars to bleed over into the terrorism side. connell: the next time they take this poll, maybe we should be doing it this way now, they will be one in the same. what is the big fear? could it look like an actual traditional terrorist attack timesaver attack? >> in the sense that the ability to shut down our great or to attack our major infrastructure points that are accessible. and we should not be under any misunderstanding here. there is a very aggressive effort by a number of players out there, china basically being number one, both on probing our defense systems and also attacking in an effort to try to

gain economic advantage. they are really at the top of the parade, there are other state sponsors. again, you have all of these individuals. from a terrorist perspective going after water systems, power systems, defense installations, you know, through cyber attacks, it is very attractive. dagen: it looks like war games. how prepared are we? what kind of confidence to you have? you are talking about those types of attacks on our defense systems, that would be the federal government having to fight back. [lauuhter] >> and when he put it that way -- we actually had a very robust effort in place. it is as if we're need to the game. that is in terms of defending our infrastructure, and our defense systems, military installations, intelligence systems. there s a separate part of that. we are slow when it comes to protecting our economic intelligence. i keep coming back around to that because it is important to

our national security. connell: the banks have work to do. >> banks, large corporations, and the government. there has to be better sharing of methodologies used by the high style players and also with things that they can be doing, mean the private sector. dagen: target. that was astonishing. you would think that a retailer that big would be better protected. >> ended would not take @%degrees of separation for people to lose very quickly a great deal of confidence in our financial restitutions. but it is something that the government is always focused on. god knows they have so many layers of bureaucracy trying to work on this problem. again, art of this -- and we talked about in the past to my we need better interaction within the private and public sector to ensure that we are doing whattwe need to do and then we need to be clever about how we advance our own interest

against others. sometimes i think that we played too much of a gentleman's game. connell: how much offense to we want to play in other words. we can talk about that. thank you. interesting. people realize. dagen: you are wearing a time. >> is the least that i could do. it is cold up there. it doubles as a star flag on-site. connell: thank you. we will see you. [laughter] dagen: emphasize a big winner for 2013, we will show you why some of the past year's losers might be a strong bet in 2014. connell: a call to let's start exporting u.s. sale -- oil. dagen: putting a pretty incredible ratings. on the field. ♪ ♪

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♪ >> reporter: >> i'm lori rothman with your fox business business brief. beating estimates. add 05% decrease. the increase was led by nearly 22% surge in aircraft orders. the growth in the service sector which accounts for 90 percent of the u.s. economy grew in december. the index fell to 53 down from a

56 reading in november. december reading is the lowest in six months. t-mobile from verizon in a deal valued at over 2 billion, the number for mobile provider. it adds low-bandit spectrum to the network in new york, atlanta, and l.a. as the latest from the fox business network, giving you the power to prosper. ♪

♪ connell: we are back on "markets now." amazon and espy may have been the stocks to of last year, but our next guest says some of last year's losers are a better place to be thii year. the former nfl player to my say former nfl player because it is almost like every time you, my have a couple of football questions. the ratings, the blackout possibility with those local games, but let me start. it when you say that last year's

losers are the place to be, what are you talk about specifically? >> if you look at earnings overall, about 60% of earnings growth has come from stock buybacks. you are seeing a big move up in economic environment that is still somewhat weak. you have some downside protection by going along with names that have participated. we expect names that will work this year whether or not the market moves higher or not. connell: give me an example of what you're talking about. you are talking about that will3 be a big winner in 2014. >> if you look at a stock like franklin resources, this is positions to improve based on emerging markets. and on fixed and, lot of their fund flows, those were not strong areas. yet this is very strong franchise trading at a 15%

discount. and because you have a strong up market and retail investors are coming back, we expect fund flows to improve. we have a situation where we think that this will go higher. connell: good enough. i presume that you guys own franklin resources. >> we do. and profit vons, we own it, i own it, all of my family owns it. connell: and said i wanted to ask you, i want to talk to you about the nfl. there are a couple of economic stories that kind of jumped out to me when i was watching the games are just reading about them this weekend. now we have in the last whatever it is, the ratings have come in. no surprise, well, maybe to a degree, but no surprise that there were huge ratings. people love football. whether is bad. seth, and watch football. the controversy was the fact that in some cities, and green bay is an obvious example, it was so cold that although there

was huge support for the team, there was a possibility that the game would not be a sellout, therefore the people, the local people in green bay who support the team all year might not have seen the game. black out locally if it is was sold out. is that an outdated rule in your view? people would actually get blamed for, you know, not wanting to set out in subzero temperatures and watch football? >> i think it is a rule that the nfl might look back over the next few years because you have such a shift toward how the consumer enjoys football, social media, replay, and the fact that the ratings were good, the television contract so huge. i think that the time might have passed for were the stadium has to be full for the nfl and teams to make money and would agree with you that it would be a travesty for local team to not see its own team in the playoffs. that being said, over the years

years in the business community step and in cities where you have had weak attendance, the jaguars in florida, case in point your last new year's the stadium attendance, yet the games have generally been on because the business community has stepped in. i think that the nfl will look at it, but i do think that that rule has not changed and you will continue to see businesses step in and try to ensure local communities see the game. connell: just one example. largest overnight effort among the day ever -- the day after, best ever, up 17% from the same game last year. good business and a good when you're in now. thank you very much for coming on. >> my pleasure. talk to you soon. dagen: at the the numbers were good because all of the other games were so excellent the you had to watch the last one.

connell: right. after saturday. everything else. the television business. dagen: i know. so taking another leap when it comes to commercial space flights. set to launch its delta nine rocket. connell: we go to cady, a big week for this commercial industry. >> extraordinarily large. to launches, one going to ngos synchronous orbit and the other going to low earth orbit around sunset. spacex intends to of launch a satellite up into space which will then provide hdtv for much of southeast asia. the upgraded falcon nine rocket which follows last month's very successful and a great achievement by spacex becoming the first private paid to launch a satellite instead geostationary orbit,

20,000 miles higher than the space station. meanwhile, here in nevada working toward the second test of its passenger-designed dream chaser pleasure this year. >> the bull for our company here in nevada would be to bring back jobs and money and investment that is currently being done in the russian space program and @%ing it back to america. they should be flying from a spaceship built here, designed here, man is here. >> present yet intends to make its second trip with aaternoon launched from virginia. just the past three years we have gone from spacex becoming the first private cabin into orbit, now to companies doing regular trips to that base station. dagen: house in love these companies switch from cargo missions says sending people or

restaurants in the space? >> the plan is so the next several years, later this year nasa will certify commercial crew people companies. there are three vying to send astronauts into space. spacex and boeing all vying to do what previously nasa did. there is lot of skepticism that private companies to do the job. nasa was not. >> i would say personally there is no surprise. there is actually disappointment is the better word for me in that we have been unable to get the congress to have the faith in american industry that we in the a ministration have. >> of course taxpayers deserve a lot of the credit when it comes to private space because hundreds of millions of dollars, tax dollars have gone to these companies as seed money. dagen: thank you so much.

the consumer electronics show kicks off in las vegas, the year's biggest debut of all things technology, and a big theme this year is internet-connected devices. here is one. bilken a thing of with crock pot. lower the temperature or set a timer. bringing you more of the latest technology. connell: waiting for years to @%at ---years for that to come together. dagen: the whole point of a crock pot is you turn it on and let it rip. connell: that is what i was a democrat and representative. we talked about oil and oil prices, but what about exporting oil from the united states. dagen: rich edson has that story coming up. ♪ ♪ [ cellphones beeping ] ♪

[ cellphone rings ] hello? [ male announcer ] over 12,000 financial advisors. good, good good over $700 billion doars in assets under care. let me just put this away. [ male announcer ] how did edward jones get so big? could you teach ds that trick? [ male announcer ] by n acting that w. ok, st quarter... [ male announcer ] it's how edward jones makes sense of investing. ♪ over the pizza place on chestnut street the modest firstloor bedroom in tallinn, estonia and the southbound bu barreli down i-95. ♪ this mic moment it is the story of where every great idea begins. and f those who believed they had thpower to do more. dell is honored to be part of some of theorld's great stories. th began much the se way ours did in a little dorm room -- 2713. ♪ this magic moment ♪

♪ connell: some energy talk. with congress facing pressure to lift the expected ban on oil exports. dagen: rich edson is covering the story from d.c. >> reporter: a growing discussion in washington, even a willingness to at least consider allowing companies to sell domestically produced crude oil internationally. the government essentially banned exports during the 1970's zero crisis. in november domestic crude production exceeded imports for the first time since 1995. predicting an even stronger production this year, the changing the effective ban on foreign cruise sale is likely a difficult move, one energy analyst say it is a heavy lifting could make many officials less likely to move

proactively even though it is hard to make a convincing case that gasoline prices will rise much, if at all, in the event that policymakers liberalize exports. there's already some speculation , senator menendez rights, allowing for expanded crude exports reserve roy to enhance the profit of big oil and force u.s. consumers to pay even more a pop hit. when i'm oil state democrats did soon take the chairmanship of the resources and -- he could provide momentum on the issue. especially as domestic production continues to increase. in the house senior aides say the issue has yet to gain all that much traction. dagen: thank you for that reporting. connell: in the next hour of "markets now," more for you on the brutal subzero temperatures. these temperatures making their way check our area, the

northeast, tonight and tomorrow. dagen: how buying legal marijuana could come back to burn you. it is all coming up in the next hour. ♪ welcome back. how is everything? there's nothing like being your own boss! and my customers a really liking your flat rate shipping. fedex one rate. rely makes my life easier. maybe a promotion is in order. good news. i got a new title. ana raise? management couldn't make that happen. [ male announcer ] introducing fedex one rat mple, flat rate shipping with the reliability of fedex.

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rise every january, but today it is affecting the stock market. cheryl: welcome to the most depressing the of the year. joining us. dennis: there you go. the top of the hour, stocks every 15 minutes, nicole petallides on the floor of the new york stock exchange, kind of seesawing. >> reporter: that's right. usually i am mainstream. i am excited to be back. a lot of people on wall street were happy to get going on this new year. the stock market started off on the upside of things, the ballot the highest domestic scene thousand 532. now giving back. now in negative territory down 1/4 of 1%, the take every nasdaq down and the s&p down. but don't forget the 2013 that we had. some of the down names hitting new highs, j.p. sex -- j.p. morgan, goldman sacks.

the fear index, lack of fear at this point was really determined by volatility. we are seeing it down a quarter of 1%. a low level of 1373 which shows you that the market is smooth sailing. dennis: thank you very much, michael. cheryl: time now for our monday panel. first up on our agenda, congress back in washington with the first five of the new year. democrats are pushing for an extension of unemployment benefits that expired at the end of last year for more than million americans. who will win? let's take it to our panel. this is now gop versus democrats. the democrats are firmly saying, this will create 200,000 jobs if you extend unemployment benefits >> by that mass we should have

20 million jobs. president obama came out and said he was the 3-month extension. and always economic issues that are m heart-tugging, the fairness factor, which in my mind has nothing to do with an improving economy. maybe the republicans went on a 3-month extension because at this point they want to focus solely on obamacare with midterm elections coming up. dennis: the problem is, all of these extended benefit payments are a questionable benefit. if he look at how many people are actually unemployed in 2012 versus 2007, up 84%. jobless benefits of 184%. that has almost tripled. yet the national bureau of economic research can now with the study a couple of months ago saying, we think the reason for hire, lager unemployment is because of extended unemployment

benefits. cheryl: it is also about minimum wage. democrats don't want to talk about health care. they want to shift the conversation to a minimum wage and unemployment. >> and that is the big fight you will get from democrats. president george w. bush ran to expand the program when unemployment was sitting in around 5%. that was a bipartisan effort. this is a different situation. the hefty price tag. over six and a half billion dollars. this is a difffrent time, different strokes for different folks. i think that people need to take into consideration where we are in this economy verses the last time. dennis: over a hundred billion per year, and the recession was supposed to be over in 2009. >> you cannot argue for higher minimum wage and the economy doing great. you can't have it both ways. dennis: all democrats have in 2014 is not the record of the last six years, not any kind of

job creation but the sense of and come in the quality. is this symbolic? at heart they don't have to do with growing the economy. it is a way -- >> aren't they really saying capitalism itself does not work in menial more social system? cheryl: the white house is bringing up a bunch of unemployed americans. >> shouldn't they be looking for work instead of standing behind the president? what is happening? cheryl: i have a feeling that they might be picking up the tag, as in you, the taxpayers. let's move on to our next topic. republican senator rand paul looking to sue the government over the ns a surveillance program. peter king of new york. >> by bringing a class-action suit and we have hundreds of thousands of people who come

forward and say, hey, my cell phone records are mine unless you go to a judge and ask a judge specifically for my records you should not be able to have a general warrant. >> totally uninformed or is part of the hate america crowd that when leftist. in any event he does not deserve to be a united states senator spreading that panda absolute lie. cheryl: these are harsh words. he is really coming out. >> peter keane and republican politics in 2014 is what tonya harding was. peter king has started hhs trial balloon as a presidential candidate specifically to run against rand paul. he has been seen as tin fell last six months. a borderline trader, does not belong in the senate. go out there in the marketplace of electoral politics. you are judged by the facts of the guy you pick a fight with. he brings more attention. but i'm going to sue the

government?3 you're in the senate. pass a law. i thought that is what you guys do? why would you file a suit instead of rounding up the votes. >> the point he has been making is weecan't have consensus we don't know what our government is doing, spying on us. he feels that we are violating the constitution. cheryl: but here is what peter king actually did bring up. we have had terrorists tried to attack betty york city subway system which was stopped because of nsa surveillance. >> you and if there is proof of the scope and breadth of this, so amazing to set we stopped one there in one year. we are talking about every record, every aspect, every form of communication. are we of potential suspects? cheryl: don't we want to be safe?

>> this will not keep us safe. this did not stop boston, any number of overseas terrorist attacks. >> the constitution as being safe. rand paul pointed out that this is what we fought the revolutionary war over. he is talking about bringing this to the supreme court. bottom-line his message is clear and he will let -- he will have a lot of people to back him. they have to specifically target you if they want your phone records. at the end of the day he will have a lot of people backing him. dennis: i think there is safety in the fact that the government is looking at hundreds of millions of things. means that they will be bad and not care what i am doing. instead of bothers me is the laziness. the government ought to be putting agents on the ground and they ought to be going after isolated -- dennis: -- >> throw a blanket over the whole thing. i bet you we missed more than we, because of this.

>> the drug enforcement administration using this for non terrorism reasons. cheryl: one of the things that rand paul also said was the head of nsa should be put in jail with edward snowden. >> he lied under oath to car race. is that the j-lo offense? that is the question. he knew he lied. cheryl: let's move on to our third panel. the few years ago it was one of the hottest industries. after fiascos like solyndra the clean energy industry has taken a big dive. and the piece on 60 minutes, critics but much of the blame on silicon valley investors today say overpromise, and delivered, green energy promises. do you agree with any of this? 100 billion. >> great. and when silicon valley spends 100 trillion to try to figure out some great new thing, i have no problem. my problem is when wide taxpayer

money goes to nothing. then the case is jimmy carter. he was going to solve the energy problem might investing in plants. it goes like most government investment, which is down the drain. >> i kind of split the baby. on one hand i feel like that story has a point. if that investors lost money, i wish them well. select next time. the point is a lot of it was drawn because government was in there. the obama administration putting out 100 billion in real energy. there is kind of a complicity. take that out and the incentive dries up. cheryl: it was also featured, by the way. lost about 150 million. he has that to lose, but the taxpayers. >> of the government picking winners and losers goes all the way back to the railroads. here is the bank. more despicable, and a lot of cases,

friends of the white house, the people who backed solyndra happens to be heavy donors. and remember the answer a when 23. the happens to use these. it was that just the government is bad. in this particular case it is pure prairie capitalism without money. cheryl: i don't know that we can rule out they're not bad at picking winners and losers, but we're not supposed to be in that game. >> the government was putting our tax dollars at risk which is the problem. dennis: i don't think of government-funded research is bad. government funding of pure, basic research is needed think, especially at a time when research companies -- >> you're right. >> before we decoded the genome map of the human dna go the government poured billions of dollars that finally did a far better job. there are basic building blocks

required. cheryl: the critics are saying this because you founded sun microsystems does not mean you know anything about the energy business. >> people will disrupt any established in new -- industry will usually come from the outside. this is going to be cool. a billion dollars of its own money because it thought it could solve the energy problem and then gabba pulled out. >> the amount of energy that they suck up and one search. it sucks up some much energy. they should be trying. i will say, we had this conversation to a certain degree . these guys just think -- got bless them as long as it is you end your investors' money. cheryl: our panel, thank you.

i'm just saying. >> i know. [laughter] cheryl: she is back to new york. all right. dennis: apparently no one cares about me. a deep freeze. temperatures sinking into the minus 50-degree range. janice dean will have the forecast. cheryl: if a cold is giving you the case of the monday blues, i am happy s center is back. you are not alone. researchers say today is the most depressing the of the year. ♪ [ female announcer ] who are we?

we are thinkers. the job jugglers. e up all-nhts. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where wean s, "i did it!" ♪ we are entrepreneurs o started it all... with aignature. legalzoom has helped srt over 1 million businesses, turning drmers into business owners. and we're here to help start yours.

♪ cheryl: i want to show you this sector. microsoft is one of the names dropping the dow down. speaking of technology. actually talking washington. up four points.

other names are moving. goldman. and later on he will be years to talk about that. i want to show you this sector that we will be watching all week in particular. retail, a bigger, better sense of how the big retailers did for thanksgiving, christmas, new year's. right now all of the stocks are down, as you can see. nicole petallides standing by. >> reporter: i am watching. so you remember, this has been a story we have been falling for months. they tried to take over men's wearhouse. men's wearhouse try to take over just to pay banks. they have since up the tab 5750 and are offering that and going straight to the shareholders to try to make is actually happened. there are two very intense rivals, however, they are both in the same business. we also have some of the big players in this, two of the big shareholders of joseph a. banks

are also among the top 30 largest for men's wearhouse. a lot of crisscross. both have run up in the last year. about 55%. back to you. dennis: the battle of cheap suits. thanks. and it looks like just about everyone has a case of the monday's. researchers saying the first monday back to work in the new year is the most miserable day of the year. some reasons include returning to work after vacation, worries about paying off holiday credit card bills, and windy weather, broken new year's resolutions, the return of my double chin. if you are feeling down, you have a lot of company. happiness loom on the horizon. researchers say valentine's day is one of the happiest days of the year unless you buy your made in vacuum cleaner. cheryl: did you make any resolutions?

dennis: always the same. asked for more of what i wanna lose weight. cheryl: there you go. and then break the resolutions within the first month. here is a resolution if you live in new york, the 21st state to allow medical marijuana. elizabeth macdonald has that story for us. dennis: dangerously cold temperatures crabbing of the midwest and heading to the east coast tomorrow. meanwhile, here is how the world currencies are very against the u.s. dollar. ♪ [ me announcer ] this is the story

of the dusty basement at 06 35th stet the old dining table at 25th anhoffman. ...and the little room above the strip mall f roble avenue. ♪ this mic momt it is the story of where every great idea begins. and of those o believed they had the power to do more. dell is honored to be part of some of the world'great stories. tt began much the same w ours did. in a little dorm om -- 2713. ♪ this magic moment ♪ ♪ this magic moment my dad has aor afib.illation, ...it's not caused by a he. common kind... dad, it says your afib puts you at 5 tes greater risk of a stroke. that's why i take my warfarin every day. but it lookse maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexate mesylate)... ...was proven superion at reducing the risk of stroke.

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♪ cheryl: okay. we just talked about today being the most depressing day of the year, and freezing temperatures are not helping. the possibility of-50 and 60 degrees with the windchill factor in part of north dakota and wisconsin. meteorologist janice dean is standing by in the weather center. this is something else. >> it really is historic. the good thing is, this is quick. the next couple of days it will be cold, but things will

moderate as we get into wednesday and thursday. yes, as cheryl mentioned, these are wind chills. you cannot draw outside across the northern plains because it is in that-40 range. the daytime high of-13. -13 in kansas city, of minus 14 in atlanta, georgia. as we go through time we will see these dangerous wind chills overnight, especially across the great lakes. and then all of this, watch this map as it pushes across the eastern great lakes and the northeast. we will drop like 30 degrees in the next 12-24 hours. feeling like-5 at 10:00 a.m. on tuesday. no running for you. i know why you to go out in this crazy cold weather. windchill advisory's. this is unbelievable. when jill advisories as far south as north of miami. dozens of states affected by

this polar outbreak. the lows tonight, again, across the country really, except for california, 20's i mean, single digits. -20 in minneapolis, 11 in new york. this is quite historic. we have not seen something like this in decades. it will be telling our grandchildren about this. cheryl: i can guarantee you. i will not be in that part. >> could grow. cheryl: thank you. >> you got it. dennis: and with the weather already forcing hundreds of schools and businesses to close, what other consequences are in store? jeff flock is live in chicago. >> reporter: all sorts of consequences. 3,000 flight cancels -- 3,000 flights canceled nationwide, most in chicago. chicago is certainly frozen over. talk about consequences, this is the boss along michigan avenue.

maybe you can see. this one has broken down. they are trying to fix it. incredible. a high of-13. we are already at the high,-13. with the wind chill they say it is more like-30. right now you can see the flags flying. maybe you see the kind of wind that we have appeared. take a look at -- well, what should i show you first? take a look at the wind chill. you can get a sense of how widespread this is. kind of a little bit in the center of it here in chicago. this is wgn studio, by the way, there michigan avenue studio broadcasting about the weather as we speak. you might expect some movement in stock fell i know, like the energy, natural gas futures. but those of? no, because as janice pointed out, this will be quick.

this would go passed fairly quick. but at the moment of tell you. abbess chicago a long time. i don't know that i've ever experienced it quite as cold as this. it will be fun for the rest of the day, i tell you. dennis: thank you very much, and thank you for freezing. that is dedication. >> my pleasure. cheryl: straight ahead. how purchasing illegal marijuan3 could have a costly impact on your life. dennis: the question is whether you even care. first, election some of the day's s&p winners and losers. ♪ [ female announcer ] you get sick, you can't breathe through your nose...

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>> marijuana now is legal in colorado but even urchasiig it the right way could have unexpected consequences later in life. bowling machine is give their go-ahead to build the next-generationextgeneration pl. in today's "media minute," he is moving some pieces to get the deal done. let's head to the floor of the new york stock exchange with nicole petallides. nicole: let's take a look at the dow components hitting new highs including goldman sachs, disney would be in that realm. also watching st. jude. those are some of your best performers hitting 52-week highs. so other names that have been on the move, covering men's warehouse, that is a big story, but twitter and ebay were

downgraded today, so twitter and ebay, twitter down $0.50, ebay down 3%. watching select comfort. turns out the holiday season was dismal and they said those kind of sales trend might translate into 2014. stocks down 19%. solar city is a winner over at goldman saccs because they cut solar city, so we're seeing solar city jumping to new highs. back to you. dennis: thank you, nicole. cheryl: is a question for you, could new york be following ii chicago's footsteps? the next state to promote medical marijuana under a new plan governor andrew cuomo is to announce this week. so what does this mean for new york and other states that have yet to legalize any marijuana use? the bottom line is huge if you're a business in new york right now. >> this tense your first foot in the door to widespread

legalization by the state when it comes to marijuana. with the governors talking but it essentially letting hospitals prescribed marijuana to certain patients, if you have cancer or glaucoma. 20 hospitals in the plan to be allowed to prescribed medical pot. a law that basically allowed the prescription medical marijuana. you cannot produce the plant. you cannot make marijuana, can only be allowed to sell it to consumers in these hospitals, use it to alleviate their pain in their systems. right now we have nearly two dozen states allowing for the use of medical pot. they tend to be in the west. the states in the west low for medical marijuana. this has been a growing trend, a big turning point for the governor, basically changing his

money for marijuana. last year governor cuomo said he wanted to decriminalize the possession of marijuana but that hit a brick wall in the legislature. the fact he is moving ahead with this could mean more states could follow suit and allowing the use of medical marijuana. we are seeing a dozen states including alaska talking about it and other states in the country as well. sending it back to you guys. cheryl: liz macdonald, thank you. dennis: so, it sounds easy think you can jet off to denver and indulge in the local weed and come home scot-free. even legal marijuana can come back to bite you. if former prosecutor and practicing lawyer, thank you for being with us. even if pot is legal, can get in a heap of trouble. let's start with family court. >> nothing changes. it does not change morality. if you are able to show to a

judge somehow you are irresponsible because somebody drinks or uses drugs in new yo k new york, maybe they went to colorado and bought this stuff, you can still show that in court. washington has these strict requirements when somebody is making a purchase i have a few of them making a purchase. that would be great stuff to use in a proceeding. i would not just restricted to family court. it is unfortunately some of the dirtiest litigation, you have investigators who have mounds of money issuing some of these cases and they will scour the earth and if somehow they think somebody went to colorado and could get those records or go to washington, whatever the next date is, there seems to be a trend here, you could use it in court. that doesn't change how it can be used there or anywhere else. dennis: what about employers in colorado, now it is an illegal

product, what happens there? >> employers are allowed to have their own rules. part of the legislation to make sure employers coull still restrict their employment, heavy machinery. just because you can't get arrested from buying it in colorado doesn't mean you have the same life. dennis: my employer is not testing me to see if i drank vodka last night, wh while they seem to have this legal product in colorado? >> right now the simple fact is it can be used anywhere. we are treating this related economy. right now it is very easy to go and buy liquor and nobody necessarily knows you are doing so. before long the bangs have an issue because federal rules in

this, no legal bank accounts, meaning everybody thinks some of these owners and growers probably have bank accounts just not under joe blow marijuana production. eventually we will get to that point. information that was easier to get these days to get that information in any court proceeding. dennis: the feds will stand by and let them do this, but even if that has been approved medicinal marijuana. if some crack and artist wanted to be president and got elected and wanted to go after people who have used marijuana, they would have a registration of the medical marijuana users in 20 states to go after, wouldn't they? >> we can look at what the doj said in august as long as washington and colorado follow certain rules, it creates this problem in the long term, a new administration with the challenge of hypocrisy. what if you don't want to enforce the federal gun laws,

look at marijuana. you're not doing anything with marijuana because you decided it is okay, so what about us? a second amendment. it creates this area of a challenge. dennis: this is what happens when one states lost about of advance to keep up with it. thank you for being with us we had >.>> thanks. cheryl: time for your "west coast minute." and at dawn as machinists voted by narrow margin to accept a contract resulting in changes to the pension, but "the seattle times" is questioning the economics impact of boeing's win against the workers writing the aviation giant will always be asked for concessions in the future, that is an overall negative to the local seattle economy. pot enthusiasts have a new need for the urban. pot e-cigarettes can only be

smoked on private property in the state of colorado, but a growing force of business owners say this the next big boom in the legalize pot movement and they want to cash in. hawaii looking at what president obama's presidential library should be billed, but the state has competition as a president set up his residency in chicago. he drew his political career from that city. still, coordinating efforts to make sure the ohio state is at least in the running. and that is your "west coast minute." dennis: straightahead, here with picks to help you kick off the new year and your dennis: speaking of building our portfolio, this is steve and sick all, looking to branch out with a new career. you're probably going to guess what it is, but we will tell you when we come back. ♪ ♪

bell ringing, applause ] five tech stks with more than a 10%... changen after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up othe day. 12 w-volume stocks... breaking into -week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning whever you are with the mobiltrader app. from td ameritrade. but with less energy, moodiness, witand a low sex drive,p. i had to do something. but with less energy, moodiness, w saw my doctor. drive,p. a bld test showed it was low testosterone, not age. we talked about axiron the only underarm low t treatment that can store t levels to norm in about two weeks in most men. axiron is not for use in women or anyone younger an 18 or men with prostate or bret cancer. women, especiay those o are or who mayecome pregnant, and children should avoid contact where axiron is applied as unexpected signs

of por increased acneorld in women may occur.r report these symptoms to your door. tell your doctor aut all medical conditions and medications. serious side effects could include increased risk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlaed or painful breasts, problems breathing while sleeping and blood clots in the legs. common side fects include skin redness or irritatiowhere applied, increased red blood cell count, headache, diarrh, vomiting, and increase in psa. k your doctor about axiron. >> i am tracy byrnes with your fox business brief. maay% of u.s. economies slipped in december. nonmanufacturing index fell unexpectedly to 33.0. the full point lower than november. the next planning to buy back $2 billion of its own shares for

several banks including goldman sachs and jpmorgan chase. the delivery giant says the program will be completed by the company's fiscal year ending may 31. congress back on capitol hill with one of the first vote slated this afternoon to extend on a plymouth benefits. democrats and republicans not seeing eye to eye how to get the deel done. economic advisors chairman joins adam and lori in the 1:00 p.m. hour from the white house. that is the latest from the fox business network giving you the power to prosper. welcome back. how is everything

there's nothing le being your n boss! and my custors are rlly liking your flat rate shipng. fedex one rate. really makes my life easier. ybe a promotion is in order. good news. i got a newitle. and a raise? management couldn't make that happen. [ male announcer ] introducing fedex one rat simple, flat rate shipping th the reliability of fedex. cheryl: breaking news into fox business. we're just learning jet will be suspending operations for 17 hours at east coast airports. jeff k commode guardia, boston. beginning 20 minutes from now 1:00 p.m. eastern time. so you're the stock, jetblue had been under pressure. lot of airlines under pressure. some of the big names like even delta last week were rising

thanks to lower oil prices, but keep an eye on that today. let's bring in our monday afternoon edition of stock radar. in the studio, for picks for your portfolio in 2014. some of the names you like, look at goldman sachs. and you like it because of paul volcker? >> she has been a headwind. the wall street reform has been a headwind. but they have had a intimate and get ready for this. volcker reduces her almost eliminates the ability for these firms to play proprietary trading and run them in the works. while it is incredibly lucrative, it is very volatile, and the earnings are somewhat depressed or rather the way people see these earnings are less than as a result of the volatility a part of the earnings. you reduce the importance of the

trading in these other firms and investors will start to dial them. cheryl: the stock hitting a 52-week high today, you say this is the one to watch. the financial sector beat the s&p in 2013. i don't know if you are lucky argued, maybe both. i want to bring up the 52-week high. this is again another pick for you, which is interesting considering all the controversy over the farm bill, the drought conditions, you like deer. >> they announced they have to execute that, and these drought conditions, we think that will result in a little scarcity value or increase in crop prices helping farmers reinvest in farm equipment, do more with less and it will be a player there. cheryl: part of that was china, but some of it again was the

concerns of farmers across the country, and for the last month. a little bit of a building. >> in light the position. increase in earnings in the fourth quarter despite that. cheryl: let's talk about whole foods. >> love whole foods. cheryl: so do i. >> as a customer and as an investor. as it increases, the interest of consumers to shift to natural organic and premium products increases 50% of all organic and natural buying done in the u.s. and whole foods is the player. more of evaluation, opening stores in 2013. more than 302014. again, as the consumer feels more confident with income, you will spend more money. cheryl: wanted to compare it with safeway.

some of the streamlined chance of picking up on the organic product market. is that a concern? >> whole foods is the dominant player in that space. we're going with them throughout north america. cheryl: and you like footlocker. you like it because you are an athlete? >> disposal income, number one retailer shoes with think a health campaign, yes, we are pushing that. they just signed a marketing campaign, as the nba goes, so does footlocker. cheryl: thank you. dennis, over to you. dennis: hearing it from both sides are possible repeal of the decades-old ban on u.s. oil exports. rich edson washington, d.c., with the details. phil flynn on the futures group oon the pits of the cme. what is the latest? >> there is some momentum lifting the effective

prohibition on u.s. crude oil internationally. there is also growing opposition. the government is essentially banded since the oil panic in the 1970s. now better oil production are changing the debate. it even stronger production this year, one analyst writes pplitical dimensions of crude oil export debater far more collocated in the underpinnings. economics was just swapping out the light sweet crude and importing cheaper, heavy sour crude in its place for which the refineries are better configured could create a value in both directions, but there is opposition. a recent letter to president obama, democratic senator writes we must continue to keep domestically produced crude here to lower prices for consumers. aggressively working toward clean and renewable alternatives. the other democrats seem willing

to reconsider the ban. the government needs a new examination of an energy world that is no longer like the 1970s. back to you. dennis: now over to the cme. what effect might this have on the price of oil if exports are opened up? >> it could lower the price of oil. i know that will sound crazy, but at a made a wonderful point, what happens is the oil we are producing, the refiners can refine the heavy oil, what we are prepared to do. a lot of it is light sweet crude, creating a shortage, by switching out the crude, net income to the united states, it would be net positive for the economy. united states absolutely explode and because of the economic growth of the exports and imports, we can add one or two points to gdp.

that would be huge for the u.s. economy and time we move on it. dennis: thank you, phil flynn. your monday media minute. shares of the syria musical service popped up 7% at one point today, on a $10 billion bid. by liberty media to buy the rest of it. first took 40% steak for $15,000. for loaning sirius half a billion dollars to keep it afloat when no banquet. that is now worth almost $9 billion. but he won't have to pay a penny in taxes on that huge gain. swapping out a new class of liberty stock that will swap for all shares and stock deals are not taxed. is he buying a pig in a poke?

it could be wiped out by the internet. pandora leading internet service says the audience grew to 76 million listeners up from 30% a year ago, and total hours streamed from 13% also. popping up 12% today on that report. cheryl: he wants to get updates to the breaking news we brought a few moments ago. jetblue is going to be suspending operations for 17 hours at northeast airport, jfk, laguardia, austin, all of that will happen in 10 minutes or so. it will lie with the current forecast, frigid temperatures plummeting the midwest after 3:00 p.m. eastern time, freezing a dispute with potential record lows in the new york area going all the way down to 0 degrees in some cases by the end of the night so now jetblue, that actually done well last week with oil prices but they're

having all kinds of operational issues. it is for the frigid temps. is he marked for governor? steven's ago considering a career in politics. details in just a moment. [ telephone rings ] [ shirley ] edrd jones. [ male annncer ] with nearly 7 million investors... oh hey, neill, how are you? [ male announcer ...you'd expect us to have a highly skilled call center. kevin, neill holley's on line one. ok, great. [ male announcer ] and we d it's how edward jones makes sense of investing. over the pizza place on chestnut street the modest first floor bedroom in tallinn, estonia

and the southbound bus bareli down i-95. ♪ this magic mt it is the story of where every great idea begins. and of thoswho believed they had thpower to do mo. de is honored tbe part of some of the world's great stories. that began much the samway ours did in a little dorm room -- 2713. ♪ this magic moment ♪

>> no. dennis: in movies he has played everything from russian mobster renegade cop, now stephen stegall is considering auditioning for the role of governor of arizona.

show the action star told ality local tv station is considering running for the state's highest office. discussing it with the toughest sheriff in america. the top issue on the agenda is tighter border security. cheryl: tomorrow fox business will be live at the consumer electronics show in las vegas, sin city, people. interviews with the biggest names in technology, during this hour in eastern time speaking with the ceo of one of the leaders and 3d printing, you don't want to miss that interview tomorrow at noon eastern time and throughout the day on fox business. dennis: american ingenuity going the way of the buggy whip? lou dobbs on america's failings of what needs to be done to get america back on track. cheryl: did the president break the law? 11 attorney general picking up that fight. dennis: jeff flock.

jeff. >> dennis, have reported on the cold weather in chicago for 30 years. i don't know that i've ever seen it that cold. when we come back, i will show you something you rarely see. art take see smoke. you will see it live. stay tuned.

adam: i am adam shapiro. lori: good afternoon. i am lori rothman. bitter cold temperatures across the country this morning. windchill plunges, can you imagine? adam: congress is back in session and democrats are promising a full press to pass an extension of unemployment benefits. the g.o.p. is not biting. joining us from the white house.

lori: wwy he says we cannot wait for washington to act because they won't, they can't, they don't even know how. adam: did the obama administration break the law? his fight with 10 other republican ag and why they say those fixes to obamacare are illegal. lori: let's go to before the new york stock exchange with nicole petallides where we are headed for our third down day today, nicole. nicole: we had been up over 60 points. right now, it is over 100 points from that point. down 43 points right now, much like the s&p, the nasdaq playback a half of 1%. a lot of names hitting new